Shin-Okayama Solar Power Plant is a 37MW solar PV power project. It is located in Okayama, Japan. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in February 2017.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 37 | 37 | – | Active | Okayama, Japan | Fuyo General Lease; Itochu |
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Description
The project is developed and owned by Fuyo General Lease and Itochu. The company’s ownership stake in the project stands as 50% and 25% respectively.
Shin-Okayama Solar Power Plant is a ground-mounted solar project.
The project generates 43,000MWh electricity and supplies enough clean energy to power 7,600 households, offsetting 26,000t of carbon dioxide emissions (CO2) a year. The project cost is $124.14m.
Development Status
The project got commissioned in February 2017.
Power Purchase Agreement
The power generated from the project is sold to The Chugoku Electric Power under a power purchase agreement for a period of 20 years.
Contractors Involved
Toshiba Energy Systems and Solutions was selected to render EPC services for the solar PV power project.
About Fuyo General Lease
Fuyo General Lease Co Ltd (Fuyo General) is a provider of leasing services. It offers leasing and instalment sales of IT equipment, office equipment, commercial equipment, service equipment, industrial machinery, machine tools, medical devices, construction machinery and civil engineering. The company also offers leasing of space, commercial facilities, production facilities and hospital facilities and leases transportation equipment of ships, aircraft and automobiles. It also provides solutions for consulting services, overseas expansion and energy services. It offers consultative services, commercial loans and various other financial services. The company offer its services through subsidiaries in China, Hong Kong, Ireland and the US. Fuyo General is headquartered in Chiyoda-ku, Tokyo, Japan.
About Itochu
Itochu Corp (Itochu) is a trading company that offers domestic trading, import and export, and overseas trading. The company trades in several products such as textile, machinery, metals, minerals, energy, chemicals, food, general products, information and communications technology, realty, insurance, logistics services, construction, and finance. It also invests in resource development and holds interests in oil and gas assets. Geographically, the company has operations in China, South Korea, and countries across North America, Latin America, Africa, Middle East, Europe, Commonwealth of Independent States (CIS) and Oceania. Through its subsidiaries, the company operates offices in Japan and overseas. Itochu is headquartered in Tokyo, Japan.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
